RESOLUTION
PROPOSING THE SUM TO BE RAISED BY TAXATION FOR GENERAL PURPOSES
FOR THE YEAR 2005.

BY
COUNCILORS STEWART AND REINERT:

RESOLVED,
that pursuant to Minnesota Statutes, Sec. 275.065, the city council adopts
the following proposed property tax levy.

Section
1.The sum to be raised by taxation for the year 2005
for general operations is hereby determined to be the sum of $10,730,400
which sum is levied against the taxable property of the city of Duluth
and appropriated to the various accounts of the city, as set forth in
the following sections, viz:

Section
2.There will be levied for the support of the general
fund the sum of $6,334,000.

Section
3.For the pay of debt, there will be levied for the
general obligation debt fund the sum of $3,841,400.

Section
4.That pursuant to laws of Minnesota 1971, Chapter
824, to pay for the portion of the cost of local improvements which will
not sustain a special assessment, there will be levied for the permanent
improvement fund the sum of $555,000.

STATEMENT
OF PURPOSE: This resolution sets the maximum property tax levy
for the year 2005. The proposed levy of $10,730,400 is 5.7 percent higher
than the 2004 levy and reflects an overall net increase of $576,900. The
breakdown of the net change is an additional $175,100 for general operations
of the city; and $272,300 for support of the neighborhood street improvement
program; offset by a decrease of $135,500 for debt service on general
obligation bonds; and $265,000 more for the permanent improvement fund.

This
resolution sets the property tax levy at a level that is 14.3% or $1,453,800
less than the mayor’s proposed levy.